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Dec 22, 2012
12/12
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we're closingin on europe with blinding speed. and consequences are reduced growth and reduced well-being. that is what the conversation ought to be about. neil: to that santa analogy, one thing very clear to me, we live in a society where entitlements are just expected, the gifts are just expected, the free bys are just expected. web sites logged on to see how many benefits you're eligible for, that are expected. i'm not saying there are not genuinely needy deserving folks in this country. we're more about what we get than what we can control. you know?t control. >> you know, neil, the other thing is, that the santa implication is that congress is just doling this stuff out. ie, nobody has to produce it. neil: that's right. >> nobody has to pay any taxes. it all comes from somebody and they don't really want to face that issue. neil: no, they don't. it is about personal responsibility at the end of the day, that is really what the fight is about. are people responsible for their oww lives or are we entitled to what somebody else
we're closingin on europe with blinding speed. and consequences are reduced growth and reduced well-being. that is what the conversation ought to be about. neil: to that santa analogy, one thing very clear to me, we live in a society where entitlements are just expected, the gifts are just expected, the free bys are just expected. web sites logged on to see how many benefits you're eligible for, that are expected. i'm not saying there are not genuinely needy deserving folks in this country....
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Dec 25, 2012
12/12
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>> everyday the worries about europe, greece, things are going pretty well in america. you would think it is a horrible obsession with the recession. we have a need to be scared. we always look out for the predator. but all the headlines suggest things are bad. >> what happened wih avian flu? >> you might have gotten brain cancer from yourself loan. and it could have been is one of the most dangerous praises, art carden? >> yes. people overestimate very, very small risk. the ada your child could be affected is what people worried about but if you were, he would never get to in the car again. the risk of driving a car is so much greater than a terrorist attack or ap did dollars -- obligee were driving into would year. john: it kill the 3,000. >> but then cost us $10 trillion and made of the world hates us now other issues are happening in the middle east. john: food for thoug john: thank goodness for government. there are some things i want my government to do. including not listed in the constitution the founders never thought about. pollution-control. the free-market i
>> everyday the worries about europe, greece, things are going pretty well in america. you would think it is a horrible obsession with the recession. we have a need to be scared. we always look out for the predator. but all the headlines suggest things are bad. >> what happened wih avian flu? >> you might have gotten brain cancer from yourself loan. and it could have been is one of the most dangerous praises, art carden? >> yes. people overestimate very, very small risk....
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Dec 30, 2012
12/12
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europe had work like we did. you want lopping beer vacation you can have a stagnant economy like europe. we raise taxes we'll have longer vacation but fewer jobbings. >> you are right. we don't want to be like the french. and ople here i the united states and government union. and i was on vacatn and check my blackberry and read a ri unger e-mail while on vacation. >> you are never onacation. >> you work it anyway. nine out of the 10 are checking their work phones. any time to rejuvenate and come back ragged. >> we need that vacation time to work better. >> when you say ecomy you are talking about gdp. good or ill it is major transaction. have everyone never talk a day off and work 60 hours a week. steve is protesting that. >> there is it a correlation between vacation time and increased productivity. a 2010 study show that americans felt refreshed and better about their jobs coming backt is important to take breaks throughout the work die. >> i center t tell you, i don't think i had aear where i used up all of m
europe had work like we did. you want lopping beer vacation you can have a stagnant economy like europe. we raise taxes we'll have longer vacation but fewer jobbings. >> you are right. we don't want to be like the french. and ople here i the united states and government union. and i was on vacatn and check my blackberry and read a ri unger e-mail while on vacation. >> you are never onacation. >> you work it anyway. nine out of the 10 are checking their work phones. any time to...
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they don't get that says our next guest on "wall street journal" reporter who reports on in europe and their work rules. from london, what do they get that we don't? >> european workers have the right to and protection of gainful unemployment. the minimum guaraned staycation is 20 days paid not including weekend, additional time off , holidays. at france it starts at 25 per good european court of stice added on another to give a workers the right to to a vacation to over or give back. >> for instanceused the for two weeks for your christmas holiday and use brain drain goldnd the last eight-- you are laid up that means they automatically go into your sickly youth then you could have the vacatiodo over to make up for those days tha you weren't that sec or hurt. john: if you say i have they cold? they have to give you that back? >> if it is dead doctor's note too say she got the sniffles so she will need another sen days of paid vacation. john: italy first. if you start a business and keep it small, up that 10 workers you have some flexibility but number 11 1/2 to have the self assessment
they don't get that says our next guest on "wall street journal" reporter who reports on in europe and their work rules. from london, what do they get that we don't? >> european workers have the right to and protection of gainful unemployment. the minimum guaraned staycation is 20 days paid not including weekend, additional time off , holidays. at france it starts at 25 per good european court of stice added on another to give a workers the right to to a vacation to over or give...
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Dec 8, 2012
12/12
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FOXNEWSW
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they don't get that says our next guest on "wall street journal" reporter who reports on in europe and their work rules. from london, what do they get that we don't? >> european workers have the right to and protection of gainful unemployment. the minimum guaranteed staycation is 20 days paid not including weekend, additional time off , holidays. at france it starts at 25 per good european court of justice added on another to give a workers the right to to a vacation to over or give back. >> for instance it used the for two weeks for your christmas holiday and use brain drain gold and the last eight-- you are laid up that means they automatically go into your sickly youth then you could have the vacation do over to make up for those days that you weren't that sec or hurt. john: if you say i have they cold? they have to give you that back? >> if it is dead doctor's note to to say she got the sniffles so she will need another seven days of paid vacation. john: italy first. if you start a business and keep it small, up that 10 workers you have some flexibility but number 11 1/2 to have th
they don't get that says our next guest on "wall street journal" reporter who reports on in europe and their work rules. from london, what do they get that we don't? >> european workers have the right to and protection of gainful unemployment. the minimum guaranteed staycation is 20 days paid not including weekend, additional time off , holidays. at france it starts at 25 per good european court of justice added on another to give a workers the right to to a vacation to over or...
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Dec 14, 2012
12/12
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in europe. we are operating like a country. each state if colorado wants marijuana then they get it. if florida wants to have guns. was i was growing up i noticed that the federal government stepped in more. the lawmakers were accountable. if you went too mar far in your state the federal government slapped you back a little bit. when president obama came into arizona he got a stern talking to. and he's a chief of the country and he has a finger in his face. we have to have the respect for our leaders. the best that we can do is get the stand your ground laurie peeled. that is why we want to repeal that. >> lucia and ron and your lawyer, john phillips. thank you for coming here and telling the story. i'm very, very sorry that you are sitting here tonight telling the story that you have to tell. thank you. we'll be back. rivate world. at first, jake's family thought they saved ziggy, but his connection with jake has been a lifesaver. for a love this strong, his family only feeds him iams. compare
in europe. we are operating like a country. each state if colorado wants marijuana then they get it. if florida wants to have guns. was i was growing up i noticed that the federal government stepped in more. the lawmakers were accountable. if you went too mar far in your state the federal government slapped you back a little bit. when president obama came into arizona he got a stern talking to. and he's a chief of the country and he has a finger in his face. we have to have the respect for our...
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Dec 14, 2012
12/12
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is economical, political, and then europe tipoff with the scientific and industrial revolution then within half a century the muslim world was we behind. john: was some fundamentalist criticize science because it is western. >> is true because of logical evolution the big bang theory, list of some research come in the radius that are disturbing and many muslims say this is from the west we don't have to take it. john: what is it like a your university teaching physics? >> there is a balance between modern education, not western. but heritage between the air of/muslim to instill so they grow up with a balanced mind and personality. john: 80% of muslim do not want evolution taught. >> they reject it and some say if you teach it as a series quote-unquote as a western scientists explain it it is okay. 80% rejected 50 percent don't teach it the other 50% teach it but it is not true as but necessary, evolution is taught in many parts of the world. all schools in egypt. even the teachers tell the students we teach you this but we don't believe it. it is a problem to explain people it does not hav
is economical, political, and then europe tipoff with the scientific and industrial revolution then within half a century the muslim world was we behind. john: was some fundamentalist criticize science because it is western. >> is true because of logical evolution the big bang theory, list of some research come in the radius that are disturbing and many muslims say this is from the west we don't have to take it. john: what is it like a your university teaching physics? >> there is a...
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it happened throughout europe the last year, year and a half. all the entitlement programs the population held as untouchable essentially fall apart, and the presidentments to think raising taxes on the wealthy, not cutting entitlements, save the economy, but it's the opposite. the cuts have to come, they will come. the question is do we address them now whens they have a chance to do something about them or wait until the whole system collapses on itself. neil: do you think democrats could be over playing their hand, that, yes, they won the election, not a land slide, doing what george bush did when he was re-elected, the social security thing, just over played his hand. >> well, i don't think so because don't forget, the public polls, which for lack of a better barometer, what we all look at, people blame republicans more than democrats. neil: recession ensues, it's on everybody. >> exactly right, but barack obama doesn't have to run again. very cognizant of the fact. i'm not, you know, i'm not the grim reaper about this. i believe we are goin
it happened throughout europe the last year, year and a half. all the entitlement programs the population held as untouchable essentially fall apart, and the presidentments to think raising taxes on the wealthy, not cutting entitlements, save the economy, but it's the opposite. the cuts have to come, they will come. the question is do we address them now whens they have a chance to do something about them or wait until the whole system collapses on itself. neil: do you think democrats could be...
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Dec 21, 2012
12/12
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but with much of the western arms in particular europe, buying is going to get light approaching christmas holiday, a lot of people are heading out. which is why republicans have said, you know we'll regro, gather our marbles, and see you next wednesday. not good. more after this. copd makes it hard to breathe, but with advair, i'm breathing better. so now i can be in the scene. advair is clinically proven to help significantly improve lung function. unlike most copd medications, advair contains both an anti-inflammatory and a long-acting bronchodilator working together to help improve your lung function all day. advair won't replace fast-acting inhalers for sudden symptoms and should not be used more than twice a day. people with copd taking advair may have a higher chance of pneumonia. advair may increase your risk of osteoporosis and some eye problems. tell your doctor if you have a heart condition or high blood pressure before taking advair. if you're still having difficulty breathing, ask your doctor if including advair could help improve your lung function. get your first full prescr
but with much of the western arms in particular europe, buying is going to get light approaching christmas holiday, a lot of people are heading out. which is why republicans have said, you know we'll regro, gather our marbles, and see you next wednesday. not good. more after this. copd makes it hard to breathe, but with advair, i'm breathing better. so now i can be in the scene. advair is clinically proven to help significantly improve lung function. unlike most copd medications, advair...
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it sort of les it self-- they're doing themselves a disservice and if you look at the structure in europe where mcdonald's is very large, le mcdonald's hamburger is a dollar and a half more so that's really added labor costs. >> brenda: gary b, we're the not just talking about fast food, we've seen it at wal-mart, at airports, at the shping ports and they're flexing their muscles. >> absolutely, and they have the backing of the current administration, and i don't dismiss what jonas says that ions are going to these quote, unquote, highly skilled. i remember, i worked in a cardboard box factory, i had to join the teamsters and i worked as a supermarket cashier, i had to join the retail clerks union. so could it get to fast food? absolutely. you're right, brenda, it can because they're flexing their muscle and have the backing of the current political environment. >> brenda: larry. >> brenda, the younes need to reinvent themselves. if they need to get into my skilled jobs and earn higher wages and that's the key. >> you're right and the ia of organizing the lowest end of the structure here
it sort of les it self-- they're doing themselves a disservice and if you look at the structure in europe where mcdonald's is very large, le mcdonald's hamburger is a dollar and a half more so that's really added labor costs. >> brenda: gary b, we're the not just talking about fast food, we've seen it at wal-mart, at airports, at the shping ports and they're flexing their muscles. >> absolutely, and they have the backing of the current administration, and i don't dismiss what jonas...
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Dec 31, 2012
12/12
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our major trading partners, britain and europe and cada -- they are only 16%. so there is a very good reason why just about every industrial country has a really low capital gains tax rate. that's because policymakers just about everywhere know that low capital gains tax rates are crucial for a growth of economy and entrepreneurship and high-technology industries. gerri: so what if we compare favorably with a lot of developed countries out there -- what would be the practical effect? >> it will slow the flow of venture capital and investment for high-technology companies. if you think about every major high-tech company like apple or microsoft or ebay or amazon, they were all nurtured by high income people putting money in early on to these startup companies. we dramatically cut the capital gains tax rate from 40% to 20% before, so wt we are going to do is kill america's entrepreneurial economy. gerri: let's get into the details of this. why you would want to keep these capital gains taxes low. you say it is an issue of double taxation. >> that's right. corpora
our major trading partners, britain and europe and cada -- they are only 16%. so there is a very good reason why just about every industrial country has a really low capital gains tax rate. that's because policymakers just about everywhere know that low capital gains tax rates are crucial for a growth of economy and entrepreneurship and high-technology industries. gerri: so what if we compare favorably with a lot of developed countries out there -- what would be the practical effect? >>...
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Dec 30, 2012
12/12
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minister of japan who now has told the bank of japan, print that money, catch up to the united states, europe, china. they're just dumping this money to the system to keep it going. as you mentioned, housing tarts , housing prices. tom: i have to tell you, i think i'm in yur camp on this one. i'm a be gloomier than the one housing because i don't see the fundamentals re still wrong. the people that are buying homes are investors paying all cash. maybe some starter homes, but the mortgages are still tough to get. the appraisers are still tough appraisals to get. and you have one at the three people in this country under water. i still don't see the fundamentals of the old buy and sell transaction sapping get. >> vote for me. on make things better. >> exactly. >> year 100 percent right. the onlyeason the housing market is going up is because interest rates are so. i'veeen of state kingston on one of the most historic quarters in the united states. the only pace on each corner where they're is a stone building thatreed -- predate the revolution, and that just bought one. seventeen fifties buildi
minister of japan who now has told the bank of japan, print that money, catch up to the united states, europe, china. they're just dumping this money to the system to keep it going. as you mentioned, housing tarts , housing prices. tom: i have to tell you, i think i'm in yur camp on this one. i'm a be gloomier than the one housing because i don't see the fundamentals re still wrong. the people that are buying homes are investors paying all cash. maybe some starter homes, but the mortgages are...
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europe and te loo 20's. money goes where iswelcome, and money and jobs are falling to other countries. we will have to change our tax had to make it more as the double the business. lou: as always. goo talk wit ou. much more on the fiscal cliff, the negotiations that wt to college. we will take that up wit the "a-team" and throughout the broadcast tonight. arabs brg to winter of discootent. chemical wapons, iranian nukes, tensf thousands protesting ease of snow is dictated. is u.s. intervention next? carl oliver north joins us in moments. runaway spending, our natinal debt top $16 trillion. whis doing the math? my next gest says it is all rse than people no. former house ways and means committee chairman bill archer aftethe break. ligations, but obligatio. i need trethink the core omy portfolio. what i really need is slee introducing the ishares core, building blocks for the heart of your portfolio. find out why 9 out of 10 choose ishares for their etfs. ishares by blackrock. call-800-ishares for a prospectu
europe and te loo 20's. money goes where iswelcome, and money and jobs are falling to other countries. we will have to change our tax had to make it more as the double the business. lou: as always. goo talk wit ou. much more on the fiscal cliff, the negotiations that wt to college. we will take that up wit the "a-team" and throughout the broadcast tonight. arabs brg to winter of discootent. chemical wapons, iranian nukes, tensf thousands protesting ease of snow is dictated. is u.s....
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Dec 11, 2012
12/12
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you look what is happening in europe, in france, in italy. in all of the countries suffering the most right now in terms of growth they have just jacked up their value-added tax to 25%. >> okay. so here's principle i think we need to draw in the sand. we should not have an ad-on, value-added tax. we should have a replacement value-added tax. david: don't put it on top of what we have? >> they have got value-added taxes but have every other imaginable tax and the national sport in italy is not paying taxes right? david: let me just, the president has weighed in on what he wants to do in order to change the tax code. he did it about a year ago. let's play that sound and get your reaction to it. >> i've said i will work with republicans on a plan for economic growth, job creation, and reducing our deficits, and have some compromise between democrats and republicans. i understand, you know, people have a lot of different views. i'm willing to compromise a little bit. david: that is not what i was referring to. what he said a year ago is this. giv
you look what is happening in europe, in france, in italy. in all of the countries suffering the most right now in terms of growth they have just jacked up their value-added tax to 25%. >> okay. so here's principle i think we need to draw in the sand. we should not have an ad-on, value-added tax. we should have a replacement value-added tax. david: don't put it on top of what we have? >> they have got value-added taxes but have every other imaginable tax and the national sport in...
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Dec 22, 2012
12/12
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. >> we can't keep borrowing ore we'll be like europe. this is not a classroom exercise. look at wuper and see what happens if we continue down the path that. is a place we don't want to g. >> the budget director puts the bilk on medicare and medicaid and social security. >> they will drive federal spending up faster than our economy can grow . revenues will not keep up . so we have a problem. if you don't have enough revenues to pay for the spending, you have to borrow and on the track that we are on. if we go on doing who what is in the law over the next several decades. our public debt will rise faster than our economy can grow. when that maps, you have to pay interest on the debt and cretors can see your debt rising faster than your economy is growing and they charge more and more. it is a very bad situation. >> author brooks finds currentidates current debates misguided. >> it is simple as a family that does that. right now, you have a situation in which the government in its over speppeding ways tries to rationalize it by saying that the problem is. we are undertaxi
. >> we can't keep borrowing ore we'll be like europe. this is not a classroom exercise. look at wuper and see what happens if we continue down the path that. is a place we don't want to g. >> the budget director puts the bilk on medicare and medicaid and social security. >> they will drive federal spending up faster than our economy can grow . revenues will not keep up . so we have a problem. if you don't have enough revenues to pay for the spending, you have to borrow and on...
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Dec 20, 2012
12/12
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two examples in my life are iran and eastern europe. in iran jimmy carter helped topple the shah of iran and then stood back and did not help the new rebel government to set it sell up as self governing group and the ayatollah came in and shoved aside the well meaning democrats and set up an islamist state. look at fall of the reagan wall, when that happened we sent in people to help. we sent in bookkeepers and political experts to show them how to run the political parties and say this is how free media works but just gave them the tools. so iran, the greatest threat to world peace today. and, eastern europe, america's greatest ally. >>neil: very interesting. thank you very much. i almost forgot k.t. was speaking, the world is going to end tomorrow. did nut worry. that is when the mayans say we should be ready to say goodbye. hold off on that mortgage payment. second, take a look at what a lot of survivallives are spending their money on instead. >> they have always predicted the end of the world. >> i have a good feeling about this, s
two examples in my life are iran and eastern europe. in iran jimmy carter helped topple the shah of iran and then stood back and did not help the new rebel government to set it sell up as self governing group and the ayatollah came in and shoved aside the well meaning democrats and set up an islamist state. look at fall of the reagan wall, when that happened we sent in people to help. we sent in bookkeepers and political experts to show them how to run the political parties and say this is how...
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Dec 19, 2012
12/12
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i don't know about double-digit earnings growth, but credit in europe, and a miracle in japan. it is incredible. earnings are starting to rebound because nominal gdp is increasing and the other thing about volatility, volatility is going lower making what could have been more tight, more stability going into next year. all of these things, they will have a great year as far as price concern. liz: we showed the s&p for the year up about 16% year-over-year. the nasdaq 17%, these are beautiful performances, can they continue through 2013? >> i got asked that question a lot. people say the market is up, they are expensive, that is not necessarily so. the market is up because the consumer confidence and spending and earnings are great and the stock market made up of individual stocks that represent corporate earnings. as i look out into 2013, i see a bunch of tailwind called the energy sector, the housing sector getting a lot better. i agree capital spending and manufacturing is making a renaissance in the u.s. and all that would achieve market make for good earnings. david: i broug
i don't know about double-digit earnings growth, but credit in europe, and a miracle in japan. it is incredible. earnings are starting to rebound because nominal gdp is increasing and the other thing about volatility, volatility is going lower making what could have been more tight, more stability going into next year. all of these things, they will have a great year as far as price concern. liz: we showed the s&p for the year up about 16% year-over-year. the nasdaq 17%, these are beautiful...
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Dec 18, 2012
12/12
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southern europe is contracting. france and germany about to go into recession. what can't you guys learn? higher taxes don't work. melissa: yeah. but seems lying the public at large has not bought that argument. mitt romney tried to make that argument. a lot of people tried to make the argument. it hasn't worked. >> you emphasize what is the best way to get the economy moving again. means to end. instead of fighting on democrat's ground, establish your own ground. taxes does notn growth. greater spending does not mean growth. mammoth regulations taking away control from patients does not lead to growth. fight on your own turf instead of democrats. melissa: you're a master of negotiation. you know so much about this. how would you reset the negotiations? >> toss out a few grenades. passing in the house entitlement reforms can't take any benefits from existing beneficiaries. love to see the senate reject that one. how about another bill passing saying can not take money from medicare to finance obamacare. democrats will choke on it. exactly what they're doing. go
southern europe is contracting. france and germany about to go into recession. what can't you guys learn? higher taxes don't work. melissa: yeah. but seems lying the public at large has not bought that argument. mitt romney tried to make that argument. a lot of people tried to make the argument. it hasn't worked. >> you emphasize what is the best way to get the economy moving again. means to end. instead of fighting on democrat's ground, establish your own ground. taxes does notn growth....
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Dec 26, 2012
12/12
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every amnesty in the past weather in europe or in then united states has had the effect of attracting more people in the country illegally in the hopes of a future amnesty. lou: years ago i started talking about a rational, humane immigration policy that would take intocy account all of the concerns about displacement of those who were in this country illegally, a due process make a determination of how work permits and legal status occurred. that is not enough.th the activist groups in this country t insist upon one thing, it is remarkable demand in my eyes, they insist upon amnesty and this president is insisting upon amnesty. what is your reaction? >> what i worry about most is not amnesty, but incredibly successful campaign toma stigmatize any immigration enforcementti whatsoever.ha when you have opposition across the country to a program called secure communities which says if you have committed a crime and you enter a jail, the jailsh authorities should notify the federal immigrationh authorities to your presence, that is now viewed as unfair to legal immigrants, so we can't eve
every amnesty in the past weather in europe or in then united states has had the effect of attracting more people in the country illegally in the hopes of a future amnesty. lou: years ago i started talking about a rational, humane immigration policy that would take intocy account all of the concerns about displacement of those who were in this country illegally, a due process make a determination of how work permits and legal status occurred. that is not enough.th the activist groups in this...
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liz: what is your best advice for those worried about europe, spain, portugal, the u.s. and the fiscal cliff, what do you say? >> the easiest thing to do is to take advantage of fear. when people are fearful like the y2k example, it was obviously an easy process to make money from there on out. we will get through this. the fiscal cliff. liz: you have seen it all, good to see you. good luck. one of our favorites. dow jones industrials hold onto gains of 96 points. can we hold all the way? we have six more minutes to go before the closing buildings. so glad you are hanging out with us at fox business. and we can save you 10% on ground shipping over the ups store. look this isn't my first christmas. these deals all seem great at the time... but later... [ shirt ] merry christmas, everybody! not so much. ho ho ho! this isn't that kind of al. [ ma announcer ] break from the holiday stress. save on ground shipping at fedex office. he loves risk. t whher he's climbing everest, scuba divinghe great barrier reef with sharks, or jumping into the marke he goes with people he trust
liz: what is your best advice for those worried about europe, spain, portugal, the u.s. and the fiscal cliff, what do you say? >> the easiest thing to do is to take advantage of fear. when people are fearful like the y2k example, it was obviously an easy process to make money from there on out. we will get through this. the fiscal cliff. liz: you have seen it all, good to see you. good luck. one of our favorites. dow jones industrials hold onto gains of 96 points. can we hold all the way?...
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Dec 12, 2012
12/12
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>> we have to, otherwise we'll be just like greece and half of europe. neil: some say we'll be like greece if in is no deal by the end of the year? >> i do not agree. we have to negotiate, the presiden needs to get involved. neil: the language changed little bit today, i notice when they are not attacking each other out in open, then progress must be being made. that is what led to rumors of a potential imminent deal yesterday. now they are back to sniping, speaker boehner and nancy pelosi and others going back and forth, that leads me to believe that things are falling apart, do you get that sense? >> we see here -- hear they are negotiating, we'll get a deal, then we hear the fighting going on, if the fighting continues, we're not getting a deal. i don't want a deal if it is just the same old deal that is not good for america. neil: do you worry, as i guy has been around the neck of the woods for a few years, that republicans are losing their verve. some more conservative members ve said we lost an election but we did not los everything that we stand f
>> we have to, otherwise we'll be just like greece and half of europe. neil: some say we'll be like greece if in is no deal by the end of the year? >> i do not agree. we have to negotiate, the presiden needs to get involved. neil: the language changed little bit today, i notice when they are not attacking each other out in open, then progress must be being made. that is what led to rumors of a potential imminent deal yesterday. now they are back to sniping, speaker boehner and nancy...
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. >> that -- lou: the senate's top democrat lieves we should return to europe for inspiration and guidance for fiscal policy, taking greece, perhaps, as a standard for dealing with econic a budget crises. the speaker did a charge the president is slow walking the nation to the brink of a fiscal cliff. that is one of the speakers firmest in the strongest statements yet. >> this is in a progress report because there is no progress to report. the white house has wasted another week. there are a lot of things that are possible to put the revenue on the table, but none of it is going to be possible. the president insists on his position. insists on my way or the highway. lou: inconveniently the congressional budget office today reported that the federal deficit is already bulging. the cbo reports for the first two months of fiscal 2013 that number $2902,000,000,000, $57 billion more than the same two month time span last year. and the labor department today report the unemployment rate fell to the 77%. good news, the lowest jobless rate in four years. the lower unemployment rate, however, the c
. >> that -- lou: the senate's top democrat lieves we should return to europe for inspiration and guidance for fiscal policy, taking greece, perhaps, as a standard for dealing with econic a budget crises. the speaker did a charge the president is slow walking the nation to the brink of a fiscal cliff. that is one of the speakers firmest in the strongest statements yet. >> this is in a progress report because there is no progress to report. the white house has wasted another week....
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it always feels a little myopic that we are always talking europe and america. this company has exposure to the global economy. what triggered it today was this china pmi number. i know gordon chang has been on. dagen: yes. we were there. charles: a lot of people do not believe the china story. this number to me tells really nice with other things. dagen: most people already own it in their 401(k). charles: you are absolutely right. the stock is down pretty big from where it was. this last quarter was a disaster. north america construction was up. almost everything should go up next year. i love the risk reward on this. connell: this will be a huge story whether china is about two, you know, come back or collapse. charles: a minimum of 8.5% next year. we would take it in a heartbeat. dagen: deceleration is dangerous even if you are still going at 8%. connell: thank you, charles. appreciate it. dagen: we are. on saturday morning. connell: umbrella. no changes to the tax structure. dagen: more on the impact of the fiscal cliff. women are worried about it. there wi
it always feels a little myopic that we are always talking europe and america. this company has exposure to the global economy. what triggered it today was this china pmi number. i know gordon chang has been on. dagen: yes. we were there. charles: a lot of people do not believe the china story. this number to me tells really nice with other things. dagen: most people already own it in their 401(k). charles: you are absolutely right. the stock is down pretty big from where it was. this last...
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at $3.60 this morning we're 8.50 going to europe and nine going to asia. so you understand, europe pays 10 to $12 for their gas. asia is paying 16. it is competitive number and makes sense. will america be able to do it? i think we will. the real question is what kind of scale. melissa: i think the government will tax the hell out of it ranning the whole thing. that is debate for another thing. we appreciate your time. good thoughts. >> thanks, melissa. melissa: time for the fuel gauge report. slumping fuel prices and global economic concerns pushed oil prices down for the fourth straight day. crude settled at $84.93 a barrel. that is the lowest close since november 15th. a request to release more water into the mississippi river was shot down by a the army corps of engineers. a group of midwestern senators made the appeal. shrinking oil levels are threatening to close barge traffic along the mississippi. this is a huge story. they said release would put upper midwest water supplies at risk. everyone wants wear here. >>> russia's state-owned oil giant, exx
at $3.60 this morning we're 8.50 going to europe and nine going to asia. so you understand, europe pays 10 to $12 for their gas. asia is paying 16. it is competitive number and makes sense. will america be able to do it? i think we will. the real question is what kind of scale. melissa: i think the government will tax the hell out of it ranning the whole thing. that is debate for another thing. we appreciate your time. good thoughts. >> thanks, melissa. melissa: time for the fuel gauge...
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europe and the loo 20's. money goes where is welcome, and money and jobs are falling to other countries. we will have to change our tax had to make it more as the double the business. lou: as always. good to talk with you. much more on the fiscal cliff, the negotiations that went to college. we will take that up with the "a-team" and throughout the broadcast tonight. arabs bring to winter of discootent. chemical weapons, iranian nukes, tens of thousands protesting ease of snow is dictated. is u.s. intervention next? carl oliver north joins us in moments. runaway spending, our national debt top $16 trillion. who is doing the math? my next guest says it is all worse than people no. former house ways and means committee chairman bill archer after the break. this family used capital one venture miles to come home for the holidays. that's double miles you can actuallyse... sadly, their brother's white christmas just got "blacked out." [ brother ] but it's the family party! really jingles your bes, doesn't it? my g
europe and the loo 20's. money goes where is welcome, and money and jobs are falling to other countries. we will have to change our tax had to make it more as the double the business. lou: as always. good to talk with you. much more on the fiscal cliff, the negotiations that went to college. we will take that up with the "a-team" and throughout the broadcast tonight. arabs bring to winter of discootent. chemical weapons, iranian nukes, tens of thousands protesting ease of snow is...
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western europe looks about as cheap as it has in decades. we also talk about how you want to look to the emerging markets. there's a lot of great companies in the u.s. tapping that growth. there's a lot of great companies domiciled in the emerging markets tapping that growth. david: what about the dollar risk? obviously because of the re-election of the president bernanke is going to continue to print money and we may get a whole new extension of the qes does that concern you at all? >> absolutely and this plan by a lot of central banks around the world --. david: not just the dollar. >> not just the dollar. you talk about the currency wars. when you think about it from an international perspective there is lot of attractive real yields you can generate outside the united states. the question becomes which currencies do you want exposure to. david: what would advise? >> look at strong demographics, strong fundamentals. south african rand. look at indonesia. there will be currencies around the world where you generate high yield and policy wi
western europe looks about as cheap as it has in decades. we also talk about how you want to look to the emerging markets. there's a lot of great companies in the u.s. tapping that growth. there's a lot of great companies domiciled in the emerging markets tapping that growth. david: what about the dollar risk? obviously because of the re-election of the president bernanke is going to continue to print money and we may get a whole new extension of the qes does that concern you at all? >>...
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lori: we'll keep an eye on that development in europe. don't forget the ecb, this is headline, saying eurozone is in for more economic woes and great are contraction. switching gears here, the concern over the u.s. fiscal cliff has you looking for a way to invest in gold there is one place you might have overlooked and that is ebay. a gold dealer has teamed up with the online retailer to give consumers an easy way to purchase gold bullion. the company's ceo michael haines joins me with more. rich souvenirs. don't turn away. how much money is actually here in gold and silver? >> just on the table right here probably about 50, 60,000. lori: only? chump change. >> annual bonus. lori: how do you know that is real? >> this is made for example, this one right here is made by the united states mint. so your government is actually making coins so that he can own bullion in your own personal investment portfolio. lori: so if an investor goes to ebay to purchase this, how is it guaranteed? >> well the ammex bullion center on ebay is collaboration b
lori: we'll keep an eye on that development in europe. don't forget the ecb, this is headline, saying eurozone is in for more economic woes and great are contraction. switching gears here, the concern over the u.s. fiscal cliff has you looking for a way to invest in gold there is one place you might have overlooked and that is ebay. a gold dealer has teamed up with the online retailer to give consumers an easy way to purchase gold bullion. the company's ceo michael haines joins me with more....
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i mean i definitely see that but you just mentioned europe. where is the growth in your crane business? who is, buying your cranes? sorry, is it asia, or you just mentioned south america s that sort of a brazil pre-olympics play? >> i think actually it is sort of obviously brazil but there is chile, peru, colombia, all have been good markets and so, you know, the americas has been good. if you look at what is going on in the energy and the, the energy and the petro chem type business, the fracking is good type business and boom trucks that has driven the growth. you have australia's been good. russia is coming back. after can has been a good story this year. i think you put all that together on the crane side it offsets some of the negatives we've seen in europe and china. liz: okay. let me just make that clear for our viewers. the americas, chile, peru, some of brazil, russia and then of course the fracking business is just amazing. let's get to the food service part of this. you know, your involvement in two different businesses. it is a rea
i mean i definitely see that but you just mentioned europe. where is the growth in your crane business? who is, buying your cranes? sorry, is it asia, or you just mentioned south america s that sort of a brazil pre-olympics play? >> i think actually it is sort of obviously brazil but there is chile, peru, colombia, all have been good markets and so, you know, the americas has been good. if you look at what is going on in the energy and the, the energy and the petro chem type business, the...
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i've been going back and forth with people, europe we've got tons of fresh data on. near term tax increases with long-term spending cuts equals pain. one of the things i've been talking about on my web site is when you raise taxes on a money supply, it's the lowest since 1968. we've never raised taxes, david, ever in a money supply that low. in other words, there's a big difference between -- the democrats love to say, oh, during the clinton years they raised taxes, it didn't hurt economic growth. the problem is if you raise taxes on an economy growing 1%, that is devastating. david: okay, but the fact is that they lowered tax rates during the clinton area. they lowered the capital gains rates from 28% to 20% in 1997. that had an enormous impact on increasing product it, brought in twice the amount of revenue from capital gains they were getting with the higher rates. actually, the president answered a question related to this. mike says, mr. president, why won't keeping tax rates low across the board encourage hires and, therefore, more tax revenue? now, listen to w
i've been going back and forth with people, europe we've got tons of fresh data on. near term tax increases with long-term spending cuts equals pain. one of the things i've been talking about on my web site is when you raise taxes on a money supply, it's the lowest since 1968. we've never raised taxes, david, ever in a money supply that low. in other words, there's a big difference between -- the democrats love to say, oh, during the clinton years they raised taxes, it didn't hurt economic...
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now europe is calling on the u.s. to stop that. what do you think about that? what is our best move at this point? >> well, let's remember that those 1.6 more or less billion dollars that we've been sending to the egyptian government, to mubarak for last 30 years or so, were sent for egypt to protect the peace with israel. to make sure the suez canal is always open for international trade and maintain security and friendship with the united states. now that morsi and the muslim brotherhood and salafists allies have form ad government, if they win this round against civil society they're going to move egypt toward more extreme allies. eventually the allies of morsi, salafists who attacked us ends at benghazi will turn against us. to make sure the $1.6 billion any dollars sent to egypt will go to a government that remains our ally and protector of freedom and democracy in the country. melissa: how do we do that? is that possible? if we revoke the money are we making the situation even more hostile? like you said the suez canal is very important. morsi was there i
now europe is calling on the u.s. to stop that. what do you think about that? what is our best move at this point? >> well, let's remember that those 1.6 more or less billion dollars that we've been sending to the egyptian government, to mubarak for last 30 years or so, were sent for egypt to protect the peace with israel. to make sure the suez canal is always open for international trade and maintain security and friendship with the united states. now that morsi and the muslim...
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resources so we're the united states and canada, for that matter are moving towards energy independence, europe and parts of asia are --. melissa: moving towards being more dependent. the problem china is having with the water is something we were suffering from this summer in the drought as well. is there a solution for that coming down the road? is there a way for recycled water for fracking instead of drinking? s seems like somebody would fix that problem? >> again this is part of the environmental concerns and are fantastic being brought to the fore, the industry here in north america is coming greater scrutiny. this technology has been around for 30 years. it is proven to be safe, but the greater the technology the better. keep in mind natural gas well more than $100 a barrel 10 years ago. it is the old addage. high prices are the best cure for high prices. in the past 10 years we brought the technology along where we have this abundance of gas. clearly with the environmental concerns the industry will certainly solve the problem. the profit mode is just too great. melissa: let me ask you
resources so we're the united states and canada, for that matter are moving towards energy independence, europe and parts of asia are --. melissa: moving towards being more dependent. the problem china is having with the water is something we were suffering from this summer in the drought as well. is there a solution for that coming down the road? is there a way for recycled water for fracking instead of drinking? s seems like somebody would fix that problem? >> again this is part of the...
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i'm not sure i completely agree with him all the problems are behind news europe and that china doesn't still have problems ahead. nevertheless there is opportunity in the global economy and the u.s. businesses are as best positioned as any to take advantage of that if we can get through this uncertain period. david: we don't want to be pollyannaish about it. there are real serious problems out there and a lot of the folks inside the beltway are not going to make things easier. however, businesses in america have done a incredible job shoring up their base. steven, great report. thank you very much. we appreciate it. >> thank you. david: liz, over to you. liz: david, today is a big deadline. it's the deadline for states to died if they will set up health care exchanges. this is a key provision in the affordable care act. we'll bring you all the latest, some pros and cons right from washington. joining us to weigh in on the issue, the executive director for the deloitte center for health. what states, patients, doctors, businesses have to gain or lose. stay tuned. i always wait until the
i'm not sure i completely agree with him all the problems are behind news europe and that china doesn't still have problems ahead. nevertheless there is opportunity in the global economy and the u.s. businesses are as best positioned as any to take advantage of that if we can get through this uncertain period. david: we don't want to be pollyannaish about it. there are real serious problems out there and a lot of the folks inside the beltway are not going to make things easier. however,...
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>>nd right now europe is in a relative deep recession. we're still above water. lou: you jumped all over the punch line because you talk about things not making sense. folks, this is not making sense. i'm delighted because people have wealth left in the equities market, the bond market. w long will that be the case if we go over the cliff? >> won't be the case for long if we have a recession followed by a typical bear market. lou: how long to get to recession -- >> we can get there pretty quick. in fact, some of the down downdrafts are starting to form. we saw those in the q3 gdp numbers were sinking into @%ntraction. lou: 2.7 -- >> employment reports gnar november and december, not surprised if gains in private sector payrolls are well over 100,000 new jobs. lou: that would not be good. baseline at least, i think, for passable is 125. what's your judgment? >> about the same, okay, that's a c-minus grade, get a "c" if we hit 150. lou: might say a "d" looks good. thank you for being here. more ahead taking that and litics of it all with the a-team next. speaker bo
>>nd right now europe is in a relative deep recession. we're still above water. lou: you jumped all over the punch line because you talk about things not making sense. folks, this is not making sense. i'm delighted because people have wealth left in the equities market, the bond market. w long will that be the case if we go over the cliff? >> won't be the case for long if we have a recession followed by a typical bear market. lou: how long to get to recession -- >> we can get...
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everywhere else, go to paris, london, europe, the arab world, you read their press, and everybody knows, or everybody criticizes or accuses the obama administration as being a partner as pushing or helping the morsi government, and before that, the muslim brotherhood. it's a well-knn reality. only in the hallways of the washington, political establishment, the question should be why? why did the obama administration from day one from thrir square, rather than teaming with the youth, women, middle class, labor, and he sided with the muslim brotherhood, and that question basically, if we answer that question, we would know what would be the future of the policy in egypt. lou: eric, you cautioned against trusting morsi from the outset, and now, it appears, we are trying to persuade russia to end their support for assad. how effective do you think that ever will be? >> i think it will be very uneffective, and i'm afraid we waited way look on syria. 30,000 people have been killed. now reports of gas loaded on to bombs to be dropped # on them, and i think we really have to be very concerned t
everywhere else, go to paris, london, europe, the arab world, you read their press, and everybody knows, or everybody criticizes or accuses the obama administration as being a partner as pushing or helping the morsi government, and before that, the muslim brotherhood. it's a well-knn reality. only in the hallways of the washington, political establishment, the question should be why? why did the obama administration from day one from thrir square, rather than teaming with the youth, women,...
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and this makes as special among the nations of europe. our government has no power, except that granted it by the people. it is time to check and reverse the growth of government, which shows signs of having grown beyond the consent of the governed. it is my intention to curb the size and influence of the federal establishment and to demand recognition of the distinction between the powers granted to the federal government and those reserves to the states or to the people. [applause] lou: reagan's original february 1981 plan proposed in that speech, enough cuts to bring spending down to 19 percent of gdp by 1984 and to balance the budget. the federal government started the 2013 budget year with a $292 billion deficit in the first two months. the nation not exactly on incorrect path to what was the reagan vision three decades ago. >> this is what democracy looks like. lou: a union demonstration turned violent. michigan state pro worker law cutting in to union dues. unions don't like it. one of their state legislative supporters says, there
and this makes as special among the nations of europe. our government has no power, except that granted it by the people. it is time to check and reverse the growth of government, which shows signs of having grown beyond the consent of the governed. it is my intention to curb the size and influence of the federal establishment and to demand recognition of the distinction between the powers granted to the federal government and those reserves to the states or to the people. [applause] lou:...
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, we're seeing the green guru, james lovelock calls it the greatest folly on europe, relying on wind power to help base llad of electricity. denmark which people holds model, has not shut a single coal based plant or carbon based plant since they went all wind. sandra: easy to get emotional. so let's put facts. energy department under current administration spent $1.69 billion in loan guaranties for wind projects. >> yes. sandra: so far no offshore wind pardon me is operating today in american waters but yet we are now announcing tens of millions of more dollars being spent to do so. >> yeah. looks like first ones might go online in new jersey in 2013 or 2014. so it is still far away. even once you get it though, you still have all the other environmental issues from bird impacts, unsightlyness of it. it is intermittent power. all the money going into it, at the same time, we're shutting down coal and now the obama administration has announced its intent to go after natural gas tracking and shale oil -- fracking and shale oil because they need more regulations on it. so they will mak
, we're seeing the green guru, james lovelock calls it the greatest folly on europe, relying on wind power to help base llad of electricity. denmark which people holds model, has not shut a single coal based plant or carbon based plant since they went all wind. sandra: easy to get emotional. so let's put facts. energy department under current administration spent $1.69 billion in loan guaranties for wind projects. >> yes. sandra: so far no offshore wind pardon me is operating today in...